Nippon India Flexi Cap Fund

Nippon India Flexi Cap Fund has delivered consistent alpha over the NIFTY 50 across all measured periods, with a 3Y SIP XIRR of 14.67% versus a benchmark CAGR of 8.46% and a 5Y alpha of 4.63%. However, its XIRR trails the category average at every horizon — 14.67% vs 14.85% over 3Y and 10.61% vs 16.12% over 5Y — indicating middling peer-relative SIP performance despite benchmark outperformance. The 1Y XIRR of 8.17% also lags the category average of 9.63%.

The fund shows a favorable downside profile with downside capture below 100% across all periods (92.01%–95.74%) while upside capture remains near or above 100%, meaning it loses less than the benchmark in declines. Only 2 drawdown events exceeded 10%, and the maximum drawdown of about -19.8% took 158 days to bottom out. Calmar ratios of 0.83 (3Y) and 0.56 (5Y) reflect moderate risk-adjusted returns, with the 5Y figure weakened by the softer recent return environment.

Portfolio composition data was not provided for this fund, so specific holdings, sector allocation, and concentration levels cannot be assessed. As a flexi cap mandate, the fund is expected to allocate dynamically across large, mid, and small caps, which typically provides diversification across market capitalizations. Investors should review the latest factsheet for current holdings before investing.

The fund sits below the category average SIP XIRR at all horizons, most notably 10.61% vs 16.12% over 5Y, placing it in the lower half of flexi cap peers on SIP returns. Its strength lies in consistency versus the benchmark, with positive alpha in every period from 1Y through 15Y, including 7.83% over 1Y. Calendar year returns show volatility, ranging from 34.01% in 2023 to -5.98% in 2026.

This fund suits investors seeking diversified, benchmark-beating equity exposure with a long-term horizon of at least 5–7 years and moderate-to-high risk tolerance. Its below-benchmark downside capture makes it relatively resilient during market corrections, which can benefit SIP investors through rupee cost averaging. However, those prioritizing top-quartile category performance may want to compare against higher-ranked flexi cap peers.

• Consistent positive alpha versus NIFTY 50 across all periods, from 1.89% over 12Y to 7.83% over 1Y
• Downside capture consistently below 100% (92.01%–95.74%), limiting losses during market declines
• Low expense ratio of 0.46% for a flexi cap fund, keeping costs competitive

• SIP XIRR trails the category average at every horizon, including 10.61% vs 16.12% over 5Y
• Recent performance is weak, with a -5.98% calendar year return in 2026 and a 1Y XIRR of only 8.17%